Syllabus
1. Theoreticalbases and approachesto the financial market regulation-reasons for regulationbased onthe typology ofmarket failures, institutional arrangementsof regulation and supervision
2. The structure of thefinancial market- the sectors of the financialmarket, driving forcesof financial market developments, the types of transactions undertakenin the financial market
3. Methods and procedures appliedin the regulationandsupervision of the financialmarket- regulation of theentry into the industry, the basic rulesfor the operationof individual financial institutionsand compliance procedure
4. Risks undertaken by financial institutionsandtheirmanagement-types of risk, risk diversification, role of the riskmanagement
5. Capital adequacy rules- development fromBaselItoBaselIII, the methodsfor the calculation of the capital buffersagainst individualtypes of risks
6. Regulation and supervision of the financial marketin the UK- the history,FSMAandFinancialServicesAct 2010, comparison with the CzechRepublic
7. Regulationandsupervision of the financial marketin the United States- the history,current regulation, and changes due tothe reformDodd-Frank Act, the comparisonwith theCzechRepublic
8. Financial conglomerates- types of conglomerate,sregulationin the european and americanspace
9. Investment banking,hedge funds, private equityfunds-investment bankingand the issueof the separationfrom the business banking, features of hedge and private equityfunds, regulation of the funds
10. Derivatives market-different classes of derivatives(forwards,futures, options, swaps) andderivatives trading, valuationof derivatives
11. Regulationandsupervision of financialderivatives-regulationin the United Statesandthe European Union,accounting rules forderivatives: hedge accounting underIAS 39
12. Financial crisis -typologyof financial crises, the analysis of the major financialcrisesof the 20th centuryand the global financialcrisis <span style="
Annotation
The course is also focused on understanding of the functioning of financial markets, financial institutions and their instruments (in addition to the regulation of financial markets). Changes in the regulation of financial markets as a response to the financial crisis will form an important part of the course